Commonwealth Numbered Acts

ABORIGINAL COUNCILS AND ASSOCIATIONS ACT 1976 No. 186 of 1976 - SECT 50

50. (1) Upon the incorporation of an Aboriginal association under this Act any
personal property (other than personal property consisting of an estate or
interest in land) held by a person, in trust or otherwise, for or on behalf of
the members of the Association vests, subject to any trust, covenant, contract
or liability affecting the property (other than a trust for the members) in
the Incorporated Aboriginal Association.

(2) Where a person holds an estate or interest in land in trust or otherwise
for or on behalf of the members of an Aboriginal association, that person
shall, upon the incorporation of the Association under this Act, take all
action required to vest, subject to any trust (other than a trust for the
members), or any convenant, contract or liability affecting the estate or
interest, the estate or interest in the Incorporated Aboriginal Association.